Modine Manufacturing Co reports results for the quarter ended in September - Earnings Summary

Modine Manufacturing

02/11/2023 09:44

* Modine Manufacturing Co  MOD.N  reported quarterly
adjusted
earnings of 89 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 48 cents.  The mean expectation of
four analysts for the quarter was for earnings of 64 cents per
share. Wall Street expected results to range from 58 cents to 66
cents per share.
    * Revenue rose 7.2% to $620.50 million from a year ago;
analysts
expected $616.18 million. 
    * Modine Manufacturing Co's reported EPS for the quarter was
87
cents​.
    * The company reported quarterly net income of $46.5
million.
    * Modine Manufacturing Co shares had fallen by 10.1% this
quarter and gained 107.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Modine
Manufacturing Co is $51.50 

This summary was machine generated from LSEG data November 2 at
09:44 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.64           0.89           Beat
 Jun. 30 2023      0.44           0.85           Beat
 Mar. 31 2023      0.45           0.67           Beat
 Dec. 31 2022      0.43           0.48           Beat